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The IRS just released a statement and guidance for taxpayers and tax preparers who were affected by the CCH outage on September 15th.
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The Alabama Department of Revenue (ALDOR) is offering tax relief to Alabama taxpayers who reside or have a business in Baldwin, Escambia, and Mobile counties and have been affected by damage caused by Hurricane Sally. The tax relief measures mirror IRS measures in the same declared disaster areas.
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The Treasury Department and the Internal Revenue Service released the last set of final regulations PDF implementing the 100% additional first year depreciation deduction that allows businesses to write off the cost of most depreciable business assets in the year they are placed in service by the business.
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Federal benefit recipients who don't normally have a filing requirement but do have qualifying children must register by Wednesday, Sept. 30 to receive a $500 catch-up payment per child. Other non-filers have until Thursday, October 15 to register for their Economic Impact Payment.
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During Small Business Week, the Internal Revenue Service reminds business owners and self-employed individuals of the employer credits available to them during COVID-19.
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Victims of Hurricane Sally that began on September 14 now have until January 15, 2021 to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.
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In the six months since the Paycheck Protection Program (PPP) was created, the only certainty about the program has been uncertainty.
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It's the IRS's goal to help all taxpayers, no matter where they live, their background or what language they speak. As part of this effort, the IRS is expanding information and assistance available to taxpayers in additional languages.
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During Small Business Week, September 22-24, the Internal Revenue Service wants individuals to consider taking the home office deduction if they qualify. The benefit may allow taxpayers working from home to deduct certain expenses on their tax return.
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Understanding the tax responsibilities that come with starting a business venture can save taxpayers money and help set them up for success. IRS.gov has the resources and answers to help people through the process of starting a new business.
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In support of National Small Business Week – September 22 to 24 – the Internal Revenue Service is emphasizing the many IRS online resources available to help small business owners and self-employed individuals handle the tax aspects of their business.
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Farmers and ranchers who were forced to sell livestock due to drought may have an additional year to replace the livestock and defer tax on any gains from the forced sales, according to the Internal Revenue Service.
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Businesses that receive cash payments of more than $10,000 must report these payments to the IRS – it's the law. Now businesses can batch file their cash reports; this is especially helpful for those required to file many forms.